Updates from the Cleveland Foundation on Digital Innovation, Family - - PowerPoint PPT Presentation

Updates from the Cleveland Foundation on Digital Innovation, Family Philanthropy and Charitable Giving

Thursday, November 15, 2018

Please join us after the presentation for refreshments and networking!

November 15, 2018

Building a Stronger Digital Community

How the Cleveland Foundation is Positioning Greater Cleveland as a Leader in Digital Equity & Innovation

The Team

Leon Wilson

Chief of Digital Innovation + Chief Information Officer

lwilson@clevefdn.org

Joshua Edmonds

Digital Innovation Fellow

jedmonds@clevefdn.org

The Digital Excellence Initiative

• Create a more connected

community

• Support digital skills development
• Improving digital civic

engagement

• Elevating regional digital

leadership

• Encouraging technology

innovation for social good

The Information

America’s Worst-Connected Cities

City, State Worst – Connected Rank % of Households Lacking Internet Access Laredo, Texas 1 32.30% Brownsville, Texas 2 30.90% Hialeah, Florida 3 30.00% Detroit, Michigan 4 27.00% Cleveland, Ohio 5 26.60% Memphis, Tennessee 6 25.00% Miami, Florida 7 24.80% Philadelphia, Pennsylvania 8 24.40% Newark, New Jersey 9 24.30% Syracuse, New York 10 24.10%

Digital Equity High Needs Areas (DEHNAs)

A Disconnected Community

The standard digital inclusion model Cleveland’s model

Cleveland’s New Model

Advocacy & Awareness Devices Tech Support Training Connectivity

In an intentionally equitable & inclusive manner

Devices + Tech Support

Details Computers ranging from free to ~$120 Low-cost Tech Support ~$25 Low-cost Internet ~$10 per Month E-Waste Recycling Local Hiring Sustainable

Connectivity + Training

Details 28 Cleveland Public Library Branches 4 County Library Branches Free 3-week Hotpot Lending 30+ Digital Literacy Training Sites Ease of Funding

Advocacy + Awareness

Details Community Quarterbacks Nominal Overhead + Marketing Investment 55k CMHA Residents 30K CHN Residents 3 Year Commitment

The Partners: Connecting the Community

Tech Innovation for Social Good

• Monthly technology meetups
• Infant Mortality Developer Challenge
• Blockchain for Social Good Challenge
• Criminal Justice Reform Challenge
• CUT Group
• Data + Art Residency

2019 Goals

• NTEN + Digital Literacy
• Public WI-FI
• Startup Support
• Blockchain for Good
• Civic Tech Bench
• Corporate Engagement

QUESTIONS?

Family Philanthropy

A Multigenerational Approach

November 15, 2018

Family Philanthropy

• Setting a mission statement that resonates across

generations

• Aligning a family’s values, goals and giving strategies
• Creating a place to share and preserve a family’s

philanthropic history

• Educating the next generation to become our next

philanthropic leaders

The Role of the Professional Advisor in Family Philanthropy

• Identify Philanthropic Intent

with your clients

• Advise on charitable

contributions for maximum tax and estate planning benefits

• Asks if the donor wants the

family to be involved

• Connect the family to a

facilitator or be the facilitator for conversations around Family Philanthropy

Understanding the Generations

“The events and conditions each of us

experiences during our formative years determines who we are and how we see the world.” – Lynn C. Lancaster & David Stillman When Generations Collide

The Generations

• The Silent Generations – 1924 – 1945
• Baby Boomers – 1946-1964
• Generation X – 1965-1980
• Generation Y or Millennials – 1980-1995
• Generation Z – 1995-2015

The Silent Generation 1924 – 1945

• Born during World War II and the Great

Depression but came of age during postwar happiness.

• Stay at home moms
• Life-long loyalty to a lifetime job
• Children worked hard and kept quiet
• Focused on their careers vs. activism

although civil rights leaders were just coming on the scene

• Patriotism, Loyalty and Faith in

communities and institutions

• Saved for a rainy day

The Baby Boomers 1945-1965

• Experienced the Economic Boom
• A large spike in births after soldiers

returning home from WWII

• Televisions in every home
• Civil Rights Movement and Activism
• The Draft and the Vietnam War
• Fought the Cold War and smashed down

the Berlin Wall

• Rock and Roll
• Two income families
• Optimistic, Idealistic and Uncynical and

believe in Civil Rights

Are Boomers Ready to Make the Greatest Wealth Transfer in History?

• There will be an anticipated $30 Trillion Wealth Transfer

in the next 30 to 40 years.

• Several studies indicate:
• 70% of those intergenerational wealth transfers will fail by the

time they reach the second generation.

• One third of the people who received an inheritance had

negative savings within two years of the event

• Most people who inherit money are ill-prepared to manage it
• Proper planning is key to providing a solid financial future

for the next generation and preserving a family legacy

Forbes article – May 21, 2018

Generation X 1965-1980

• Watergate and Iran Contra shaped
• pinions about government
• Corporations were downsizing
• Latchkey kids meant more

independence

• AIDS
• Global awareness about hunger and

famine

• Crack is introduced to drug culture
• Skepticism about Marriage as divorce

rate tripled

• Resourcefulness was a common

characteristic

• Very Independent

Generation Y – The Millennials 1980-1995

This Photo by Unknown Author is licensed under CC BY-SA-NC

• Terrorism shakes our country with Oklahoma City, Columbine and September 11, 2001
• Weather and Climate changes produce Katrina and Rita
• Cell phones…they all have cell phones
• The Internet has arrived and PC’s are accessible either at home or libraries
• Social Networking and Social Media change the dynamics of communication
• Teamwork and collaboration are critical
• They believe in making an impact, not

always with dollars, but with volunteer time

• Diversity is top of mind
• They are Global Citizens

Generation Z 1995-2015

• The first black president is elected
• The 2008 Recession impacts their

families

• Entrepreneurship is top of mind to

these pragmatic, socially conscious individuals

• They are Digital Natives…Smart

Phones and Touch Screens put the internet right at their fingertips

• Instagram, Snapchat, YouTube
• Philanthropy is done through Crowd

Sourcing and Crowd Funding

Cleveland Foundation’s Role with Families

Identifying and establishing a family legacy…

• Discover causes about which families are passionate
• Explore values that drive their giving and translate

those to mission and vision

• Present effective grantmaking considerations in

researching non-profit organizations and programs

• Determine goals for your philanthropic legacy

Family Philanthropy

• We facilitate meetings with

donors and their families

• Capture and share

experiences from the family’s philanthropic beginning to planning for its future legacy

• Develop family mission

statements

• Identify collective family

values

• Explore generational

differences to facilitate better family engagement

• Create a distinct and
• riginal family giving plan

Family Philanthropy

Tools for capturing data across generations

Values Identification

• Faith
• Success
• Courage
• Compassion
• Responsibility
• Honesty
• Obligation
• Creativity
• Innovation

Cause Affinity

• Education
• Youth
• Health
• Arts & Culture
• Literacy
• Refugees
• Hunger
• Homelessness
• Environment

Family Money Messaging

• How was money discussed

in the household?

• Where did philanthropic

dollars come from?

• What have we inherited?

Picturing Your Legacy Guiding a family towards articulating their legacy. Sharing how you aspire to be in the world.

QUESTIONS?